A company’s beginning Cash balance was $8,000. At the end of the period, the balancewas $6,000. If total cash paid out during the period was $28,000, the amount of cashreceipts wasa. $34,000.b. $30,000.c. $26,000.d. $36,000.

A company’s beginning Cash balance was $8,000. At the end of the period, the balancewas $6,000. If total cash paid out during the period was $28,000, the amount of cashreceipts wasa. $34,000.b. $30,000.c. $26,000.d. $36,000.

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Description: A company’s beginning Cash balance was $8,000. At the end of the period, the balancewas $6,000. If total cash paid out during the period was $28,000, the amount of cashreceipts wasa. $34,000.b. $30,000.c. $26,000.d. $36,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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